13. For 2003, Microsoft, Inc., reported earnings per share of around SO.75. If Microsoft is in an...

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13. For 2003, Microsoft, Inc., reported earnings per share of around SO.75. If Microsoft is in an inclus-

t" with a PE ratio ranging from 30 to 40, what is a reasonable price range Mvcrosort•:'

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Financial Markets and Institutions

ISBN: 978-0321280299

5th edition

Authors: Frederic S. Mishkin, Stanley G. Eakins

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